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Edelweiss launches Zurich-HCMC air service Vinalines to auction shares of its subsidiary Viet Nam National Shipping Lines (Vinalines) will auction over 13.44 million shares of its holding in Viet Nam Transport and Chartering Joint Stock Company (Vitranschart) on December 5, the Ha Noi Stock Exchange has announced. The shares, accounting for a 22.03 per cent stake of Vitranschart, will be auctioned at the Ha Noi bourse at the starting price of VND1,200 (5 US cents) a share. Vinalines is currently Vitranschart’s parent shareholder with a total of 35.4 million shares, equivalent to 58 per cent of the firm’s voting shares in circulation. Currently, Vitranschart is trading at VND700 per share, and there is almost no matched stock in recent sessions. Vitranschart reported a loss of more than VND182 billion in the first nine months of 2018. Although this figure was VND40 billion lower than in the same period last year, the loss contributed to raising the accumulated … [Read more...] about BUSINESS NEWS IN BRIEF 18/11

PwC Vietnam's general director shared her expert views with the audience at the Vietnam, Business Summit 2018 Growth in ASEAN David Wijeratne Last year marked the 50th anniversary of the Association of Southeast Asian Nations (ASEAN), a unique achievement considering the regional conflicts and poverty which characterised the region in the first half of the 20th century. The ASEAN’s remarkable growth journey to become the world’s sixth-largest economy has been powered by its people, with the establishment of a formidable labour force and the subsequent creation of a wealthier middle class which has driven domestic consumption. Challenges to ASEAN’s growth However, against this backdrop, questions have been raised about the sustainability of the ASEAN growth story. Global economic growth has slowed in recent years and this has impacted all markets across the ASEAN. GDP growth in Singapore (or the developed ASEAN) dropped below the global average to 2.0 per … [Read more...] about Time to act for the future of ASEAN

Pham Hong Phong Advanced technology is taking centre stage in almost all aspects of our daily lives. How far has it transformed the way businesses operate here in Vietnam? In Vietnam, I’ve seen that IT has won the trust of local residents, enterprises, and the government, as they all perceive the clear benefits of its application in everyday life and work. In an era of digital transformation, I’ve seen the local government be very active in welcoming and promoting Industry 4.0, embracing artificial intelligence (AI), deep machine learning, blockchain, and, above all, cloud computing. Cloud computing in particular has changed how businesses go about developing their IT system. It used to be complicated, requiring the enterprises to recruit IT specialists and invest in equipment and software to deploy and operate such systems. This was costly and time-consuming. Now, with cloud computing, these issues are all solved by simply signing up with a cloud provider which equips … [Read more...] about Future of business lies in the cloud

Up to 57 percent of surveyed small- and medium-sized enterprises (SMEs) in Vietnam believe they will continue to enjoy growing export. (Photo: VNA) Hanoi (VNA) – Up to 57 percent of surveyed small- and medium-sized enterprises (SMEs) in Vietnam believe they will continue to enjoy growing export, according to a research recently conducted by market research company Harris Interactive on behalf of FedEx Express. Entitled “Global is the New Local: The Changing International Trade Patterns of Small Businesses in Asia Pacific”, the research showed the businesses were optimistic and believed they will see further increase in exports to markets beyond Asia-Pacific in the year ahead such as the US, India, and Germany. The enterprises were also bullish on exports within the Asia-Pacific, with almost two-thirds or 62 percent anticipating increased revenue growth in the coming time. About 58 percent of Vietnamese SMEs export to the Asia-Pacific, focusing on China, Japan and … [Read more...] about SMEs upbeat on export prospects

Tommy Leong The World Bank reports that East Asia’s population is ageing faster than any other region’s in history, home to 36 per cent of the international 65 and over population with 211 million people. Singapore, Japan, and South Korea are considered as “advanced agers”. Furthermore, the increasing prevalence of chronic diseases adds to the demands on healthcare organisations, which are already constrained by tightening budgets and a lack of resources. To meet the demands of an ageing population, there is an even greater focus needed on achieving better operational efficiency, while improving patient safety and satisfaction through integrating innovative technology in healthcare infrastructure. Meanwhile, hospitals on average use three times the volume of electricity of a typical large-scale office building, thereby adding to the burden of rising operations and energy costs. Whether designing a new facility or expanding an existing one, it is important to … [Read more...] about Intelligent technology crucial to sustainable healthcare